U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-KSB


[X]  Annual report under Section 13 or 15(d) of the Securities Exchange Act of
     1934
     For the fiscal year ended December 31, 2005

[ ]  Transition report under Section 13 or 15(d) of the Securities Exchange Act
     of 1934.


                       Commission file number: 333-18439


                           MOBILE AREA NETWORKS, INC.
                 ----------------------------------------------
                 (Name of small business issuer in its charter)




               Florida                                           59-3482752
    -------------------------------                          ------------------
    (State or Other Jurisdiction of                          (I.R.S. Employer
     Incorporation or Organization)                          Identification No.)


2772 Depot Street, Sanford, Florida                                32773
----------------------------------------                         ----------
(Address of Principal Executive Offices)                         (Zip Code)


                                  407-333-2350
                           ---------------------------
                           (Issuer's telephone Number)


Securities registered under Section 12(b) of the Exchange Act: None

Securities registered under Section 12(g) of the Exchange Act: None

Check whether the issuer: (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days. [X] Yes  [ ] No .

Check if there is no disclosure of delinquent filers in response to Item 405 of
Regulation S-B is not contained in this form, and no disclosure will be
contained, to the best of registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form 10-KSB
or any amendment to this Form 10-KSB. [X]

Indicate by check mark if the registrant is an accelerated filer (as defined in
Rule 12b-2 of the Act). Yes [ ] No [X]

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12-b of the Exchange Act).Yes  [ ] No [X]

State issuer's revenues for its most recent fiscal year.   $256,370

The registrant has not authorized non-voting common equity and as of December
31, 2005, 45,877,747 shares of the registrant's voting common stock were
outstanding and held by non-affiliates. The Company's stock began trading on
January 10, 2001 on the OTCBB under the symbol "MANW".

Shares of Common Stock, no par value outstanding at December 31, 2005:
45,877,747
<PAGE>

                                     PART I

Forward-Looking Statements:

In addition to historical information, this Annual report on Form 10-KSB may
contain statements that could constitute "forward-looking statements" under the
federal securities laws. Forward-looking statements often are characterized by
terms such as "may", "believes", "projects", "expects", or "anticipates", and do
not reflect historical facts. Forward-looking statements involve risks,
uncertainties, and other factors that may cause the Company's actual results,
performances or achievements to be materially different from those expressed or
implied by such forward-looking statements. Factors and risks that could effect
the Company's results and achievements and cause them to materially differ from
those contained in the forward-looking statements include those identified
throughout this report and in the section in Item 6, below, as well as other
factors that the Company currently is unable to identify or quantify, but that
may exist in the future. In addition, the foregoing factors may effect generally
the Company's business, results of operations, and financial position.
Forward-looking statements speak only as of the date the statement was made. The
Company does not undertake and specifically declines any obligation to update
any forward-looking statements included in this report on Form 10-KSB.

Item 1. Description of Business.

Mobile Area Networks, Inc. (OTCBB: "MANW") was incorporated in Florida on
November 28, 1997 and became the successor in interests to a Texas corporation
of the same name, effective January 1, 1998. The Texas corporation, formed May
22, 1996, transferred all right, title, and interests in and to its assets over
to the Company. Such transfer was made in exchange for the Company's issuance of
stock to the Texas Company's shareholders on a five (5) for one (1) share basis.
That is, each share of the previously outstanding stock was split up into five
(5) shares of the Company's stock. The Management of the Company had previously
decided to operate from and be domiciled in the state of Florida and therefore
also decided to streamline its corporate operations, and at the same time
created more authorized shares for the Corporation to use for funding, and or
for acquisitions. This was accomplished without diluting the ownership of the
then current owners of private shares. The effect of this action was to change
the State of Incorporation of the Company.

Mobile Area Networks, Inc. (the "Company") started operations in Heathrow,
Florida in 1996 and in early 1997 the Company successfully developed and
deployed T-1 speed wireless internet service for business users of laptop
computers in hotels beginning in Waltham (Boston), Massachusetts. From its
wireless LANs (local area networks) at hotels, office buildings, convention
centers, or other locations, the Company then routed data traffic through
broadband high speed data lines or wireless broadband data links which
terminated at the Company's operations center in Heathrow, Florida. The Company
retains the technical expertise for providing this service and welcomes requests
to deploy certain locations. At the time of this report the Company had entered
into discussions to deploy its system in large residential neighborhoods as the
market for this service continues to mature.

The technical success of this service was far in advance of the market and did
not generate sufficient revenue to sustain those operations so consequently the
Company's management pursued other means of generating revenue to sustain the
Company.

The Company decided to enter a Core Industry which is Technology driven, and on
August 12, 2002 the Company entered into an agreement to acquire all of the
operating assets of Vintage Industries, Inc. ("Vintage") in a stock for assets
purchase. The assets consisted of an ongoing business with highly computerized
plastics molds engineering and manufacturing equipment, including a complete
computer aided machine tool shop, patents pending, and trade secrets for a
process that rapidly produces plastic injection molds, numerous plastics
injection molding presses, office and support equipment, and the existing
customer base of Vintage.

The Company agreed to issue 1,440,000 of its SEC Rule 144 Restricted Common
Shares (having a market value of approximately $274,000 according to the trading
price of public shares on the day of the agreement), to be disbursed among the
shareholders of and by Vintage Industries, Inc. Vintage Industries, Inc. was to
be dissolved and all future operations in a timely manner were to be
consolidated into and owned by Mobile Area Networks, Inc. (the "Company"). The
Company also agreed to assume responsibility for Certain Current and long-term
liabilities of Vintage. After the issuance of the shares used in this
transaction the effect would be that the former owners of Vintage would jointly
own approximately four percent (4.0%) of the then outstanding shares of the
Company. During August of 2005, 864,000 shares of the original 1,440,000 Vintage
shares were tendered back to the Company in exchange for $38,200.00, which is
herein classified as Treasury Stock.

Simultaneous to the acquisition of the Vintage assets, the Company acquired the
complete plastic molding department machinery of Recoton Corporation in a
distress sale, which allowed to Company to pay a small amount of cash and to

                                       2
<PAGE>

furnish Recoton with needed parts production at that time. The effect of this
transaction was to dramatically increase production capacity for the Company,
however the short term effect was detrimental to the cash position of the
Company. The Company consolidated operations from four (4) smaller facilities
into one much larger manufacturing center and office space beginning in December
2002, and the Company began essentially operating in 2003 as a start up
manufacturer. In the years when the demand for this service was tremendous,
Vintage did not have the capacity to expand until this consolidation.

The former Vintage Industries, Inc. was formed in 1991 and through the years
became a leader in its core business of custom injection molding of plastics and
rubber. Vintage developed extensive capabilities to provide consulting,
engineering, mold design, mold manufacturing, and parts molding production. The
business and customer base of Vintage changed dramatically over the past several
years, and changed even more after the Agreement to be acquired by the Company
was signed. Initially Vintage derived a substantial portion of it revenues from
the design, mold manufacture, and production of rifle stocks and other parts for
the sporting gun industry. Customers included Colt, Henry Repeating Arms, North
American Arms, Marlin Firearms, O.F. Mossberg, Savage Arms ,and Winchester. For
several years the sporting arms industry suffered economically and Vintage
consequently shifted its focus away from that industry.

THE FUTURE OF PLASTICS AND THE COMPANY: During the year ended 2005 the Company
generated its plastics services revenues from a diverse mix of High-Tech
Military parts, Medical Device parts, Consumer Products, Automotive Accessories,
Irrigation Devices, Sporting Rifle Stocks, Archery Bow parts, Building Systems
Devices, Snow Ski Equipment parts, Military Simulation Trainer Parts, and other
Specialty Applications. The Company's management is focused on developing
additional and diversified proprietary products to manufacture, in addition to
the custom molding currently done for customers.

THE FUTURE OF PLASTIC MOLD MAKING: The annual U.S. market for plastic injection
molds is reported to be approximately twenty billion dollars ($20 billion)
annually. Spending by U.S. companies on machinery to manufacture these molds
amounts to approximately $3.8 billion annually. A significant share of this
market could be gained with innovative machinery that could reduce the skilled
labor requirements of mold making, and create high precision molds, while saving
on time and costs of mold making. The Company has developed and claims trade
secrets for the unique patent pending and proprietary Nickel Composite Tooling
("NCT(TM)") process which reduces the time necessary to make plastic injection
molds, while delivering the high quality and precision typified by the computer
control of a process. The NCT(TM) system could allow manufacturers of plastic
products to go from product design to full production in ten to fifteen workdays
instead of the current twelve to eighteen weeks. This dramatic savings in time
and labor is further enhanced by a substantial savings in mold manufacturing
costs. The Company also claims trade secrets for a process to produce short run
production parts direct from molds produced in polymer from CAD (computer aided
design) files. Plastic product prototyping and mold designs are already
dominated by computer automation, but many of today's mold manufacturers still
rely on expensive and lengthy manual and semi-automated machining processes. The
NCT(TM) process could apply computer automation to mold manufacturing.

Mobile Area Networks, Inc. (the "Company") started operations in Heathrow,
Florida in 1996 and developed the mobiLAN(R) brand of broadband, high speed (T-1
speed) wireless Internet service for travelers and other business users of
laptop computers. From its wireless LANs (local area networks) at hotels, office
buildings, convention centers, and other locations. The Company routed data
traffic through broadband high speed data lines or wireless broadband data links
which terminated at the Company's operations center in Heathrow, Florida. The
circuits to the Mobile Area Networks communications center, whether by wireless
or fiber optics, was a private data circuit and was not routed through the
insecure public Internet. At its network center Mobile Area Networks directed
data traffic onto the Internet or through a private connection commonly known as
a VPN (virtual private network) directly to a user's corporate LAN connection.
The service provided by mobiLAN(R) did not operate through telephone lines and
therefore saved hotel owners the expense of adding extra telephone trunk lines
and hotel PBX upgrades for laptop computer owners to use for their Internet
connections. Mobile Area Networks provisioned data lines to hotels or other
properties and routed the data traffic to its operations center. The Company
concealed wireless transmitters throughout those properties through which the
laptop user received data connections.

The Company installed systems and had its first publicized and successfully
operating T-1 speed wireless internet service in early 1997 at the Westin Hotel
in Waltham (Boston) Massachusetts and other locations in Florida and other
locations within the United States. The mobiLAN(R) systems in major hotel chain
properties were technologically successful, but the revenue never matched the
expenditures required to maintain these services and the Company discontinued
its service to hotels after its decision to acquire its Plastics Manufacturing
operations. The Company retains the Trade Secrets and expertise for the
mobiLAN(R) wireless service and as of the date this filing is in discussions for
providing the service to residential neighborhoods.

                                       3
<PAGE>

The Company is not aware of any required government approval for any of its
services, but should this need arise there is no reason for the Company to
believe that it would not be able to obtain such approvals. The Company
estimates that it has expended approximately $695,000 on research and
development during the past eight years, the majority of which has been provided
by investors in the Company and primarily with respect to the Company's
MobiLAN(R) efforts. The Company is unaware of any environmental issues that may
impact the Company or its services.

The Company has approximately seven full time employees including its President.
In addition there are two part time consultants available to the Company on an
as-needed basis. The Company also has marketing arrangements with outside
individuals on a commission only basis.

Item 2.Description of Property.

The Company leases its office and manufacturing facility at 2772 Depot Street in
Sanford, Florida. That lease, which originally was a sub-lease, was executed on
November 11, 2002 covering 20,680 square feet for a five year term with annual
lease payments approximating $85,000 plus pro-rated real estate taxes
approximating $9,500 per year. On July 31, 2003, the Company negotiated a new
master lease covering the entire 25,000 square feet for a term of three years
and ten months commencing on August 1, 2003 and continuing through May 31, 2007.
The lease provides two options to renew the term for two years each. As of
December 31, 2005 all office equipment and furnishings were owned outright and
without leases.

The Company owns the registered trademark "mobiLAN(R)", and claims copyright
ownership of other creative and derivative works including, but not limited to
the Learningport.com(TM) name. On April 28, 1998 Mobile Area Networks, Inc. was
granted U.S. Patent #5,745,884 which covers "System And Method For Billing Data
Grade Network Use On A Per Connection Basis". which was accounted for as a fully
amortized intangible asset on the balance sheet of the Company. The Company
protects as "Trade Secrets" certain software processes and procedures used in
network address procedures, bandwidth managing, and controlling access to its
systems, certain methods of plastics molding and mold building, as well as
certain working arrangements with suppliers, consultants and clients. There can
be no guarantee of any tangible value for this patent or any other intangible
property

Item 3. Legal Proceedings.

On October 3, 2002, a complaint was filed against the Company with the Circuit
Court of Seminole County, Florida by David Byron, a former shareholder of
Vintage Industries, Inc., for non-delivery of 288,000 shares of restricted
common stock of Mobile Area Networks, Inc., per the general mutual release and
separation agreement between Vintage Industries, Inc. and Mr. Byron. Mr. Byron
is seeking immediate delivery of the 288,000 shares of Restricted Common Stock
of Mobile Area Networks, Inc. and damages in the amount of the value of the
stock. The Company is withholding the delivery of the shares pending the return
of various Vintage Industries owned assets allegedly held by Mr. Byron. The
Company intends to vigorously defend its position as it never entered into this
or any other agreement with Mr. Byron, and does not believe the range of loss,
if any, can be reasonably estimated at this time. Accordingly, no provision for
possible loss has been made in these financial statements.

The Company has not been a party to any bankruptcy proceedings.

Item 4. Submission of Matters to a vote of Security Holders.

None.

                                       4
<PAGE>

                                     PART II

Item 5. Market for Common Equity and Related Stockholder Matters.

On February 16, 1999 the Company's registration statement covering the
registration of 5,000,000 shares of common stock was declared effective by the
U.S. Securities and Exchange Commission (SEC). Provisions of the registration
statement included a maximum offering price of $6.00 per share for projected
gross proceeds of $30,000,000. The securities associated with the offering were
sold on a best efforts, no minimum amount basis and as of December 31, 2000 the
Company had sold and issued 100,103 shares of common stock under the offering,
which was closed on November 24, 2000 in anticipation of being traded on the
OTCBB system.

On January 10, 2001, the Company's stock began public trading on the OTCBB
system under the symbol "MANW".

The following table shows the reported high and low sales price at which the
Common Stock of the Company was traded during the year 2005.

                                              High           Low
                                              ----           ---
         First Quarter                        .12            .07
         Second Quarter                       .10            .05
         Third Quarter                        .05            .04
         Fourth Quarter                       .40            .08

The proceeds from the Company's stock sales to date have been for, and are being
used primarily to fund the continuing operations of the Company's plastics
manufacturing systems as well as for funding administrative activities and
marketing programs of the Company which now includes the consolidated Vintage
and Recoton equipment for plastics production. The Company continues to explore
acquisition opportunities in order to improve the revenue base and build value
for the Company.

A majority of the Company's total outstanding shares, 45,877,747, are restricted
for sale under SEC Rule 144. Total authorized shares are 50 million. Most of the
outstanding shares are owned by Company founders or insiders as reported in the
Prospectus of the Company dated February 16, 1999 and in subsequent periodic
reports including this Annual Report, such insider owned shares being further
restricted as to resale. The Company has no obligation or requirement to
register any of the restricted shares for public sales. However, shares held for
the required time period under Rule 144 could under certain conditions be sold
by the owners of those shares who are not considered to be insiders or owners of
control shares when sold through broker transactions and with the proper Form
144 documentation and filing.

As of December 31, 2005, the Company had 417 registered shareholders of record.

Item 6. Management's Discussion and Analysis or Plan of Operation.

Management's Discussion and Analysis or Plan of Operation should be read in
conjunction with the financial statements and related notes which are contained
herein in the following pages under Item 7.

Revenues decreased from $503,052 in 2004 to $256,370 in 2005, a decrease of 49%.
During 2005, the Company's receipt of orders decreased due to competitive
pressures and lack of working capital to initiate marketing strategies. The
decrease was also related to cutbacks in military orders for one of its major
customers because of cancelled or phased out government defense programs such as
the Comanche and Miles systems.

Cost of Goods Sold decreased from $194,575 in 2004 to $179,591 in 2005, a
decrease of 8%. The decrease was commensurate with the reduction in revenues.
Included in Cost of Goods Sold is Factory Rent which increased from $70,956 in
2004 to $123,826 in 2005. The rent increase related to catch up for a past-due
condition in 2004.

Total Operating Expenses decreased from $748,968 in 2004 to $690,170 in 2005, a
decrease of 8%.

Bad Debts expense increased from $23,726 in 2004 to $(2,220) in 2005. The
Allowance for Doubtful Accounts was decreased to recognize the improvement in
past-due balances.

Depreciation expense decreased from $168,023 in 2004 to $161,020 in 2005, a
decrease of 4%. The decrease reflects certain assets that became
fully-depreciated during the year.

                                       5
<PAGE>

Interest expense increased from $46,997 in 2004 to $60,212 in 2005, an increase
of 28%. The increase reflects interest incurred on credit card balances in
addition to late charges and penalties on long-term debt balances, as well as
dramatic increases in variable interest rates on financing.

Payroll and payroll taxes decreased from $388,684 in 2004 to $339,877 in 2005, a
decrease of 13%. The decrease is attributable to the termination of excess
staff.

Professional Services increased from $15,300 in 2004 to $15,622 in 2004, an
increase of 2%. The increase is not material.

Other Operating Expenses, which includes such expenses as telephone, utilities,
postage, office supplies, and local taxes, increased from $106,238 in 2004 to
$115,659 in 2005, an increase of 9%. The increase relates principally to
liability and health insurance and travel expenses.

The Company realized a Gain on Forgiveness of Debt of $49,165 during 2005
resulting from the successful negotiation of outstanding long-term debt to
amounts less than what was originally required. Also, the Company recovered
$70,432 from its insurance carrier for loss of business and repairs following
the 2004 hurricanes. During 2004, the Company also realized a Gain on
Forgiveness of Debt of $62,546.

The Net Loss increased from $377,945 in 2004 to $506,701 in 2005. The increased
loss is attributable to the decrease in revenues. The Net Loss Per Share was
$.01 in 2005 and $.01 in 2004.

The Company's operating loss carry-forwards are approximately four million-seven
hundred thousand dollars ($4,700,000) which are recoverable as income tax
savings through the year 2025.

The Company's short term liquidity and capital needs have been satisfied
primarily from the continuing sale of the Company's common stock in private
sales, and loans from shareholders. The Company continues to seek the support of
underwriters and market makers for the handling of its stock sales.

The Company's stock Registrar is Atlas Stock Transfer Corporation which handles
all its outside Stock share Registrations and Transfers.


                                       6
<PAGE>

MOBILE AREA NETWORKS, INC.
(A FLORIDA CORPORATION)
Sanford, Florida

TABLE OF CONTENTS
--------------------------------------------------------------------------------


Report of Independent Registered Public Accounting Firm                  F-2

Balance Sheets at December 31, 2005 and 2004                             F-3

Statements of Changes in Stockholders' Deficit for the Years
  Ended December 31, 2005 and 2004                                       F-4

Statements of Operations for the Years Ended December 31,
  2005 and 2004                                                          F-5

Statements of Cash Flows for the Years Ended December 31,
  2005 and 2004                                                       F-6 - F-7

Notes to Financial Statements                                         F-8 - F-16

                                      F-1
<PAGE>

To The Board of Directors
Mobile Area Networks, Inc.

             Report of Independent Registered Public Accounting Firm
             -------------------------------------------------------

We have audited the accompanying balance sheet of Mobile Area Networks, Inc. as
of December 31, 2005 and the related statement of operations, changes in
stockholder's deficit and cash flows for the year then ended. These financial
statements are the responsibility of the Company's management. Our
responsibility is to express an opinion on these financial statements based on
our audit. The 2004 financial statements were audited by another auditor whose
report dated March 30, 2005, included an explanatory paragraph describing
conditions that raised substantial doubt about the Company's ability to continue
as a going concern.

We conducted our audit in accordance with the standards of the Public Company
Accounting Oversight Board ( United States). Those standards require that we
plan and perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement. The Company is not
required to have, nor were we engaged to perform, an audit of its internal
control over financial reporting. Our audit included consideration of internal
control over financial reporting as a basis for designing audit procedures that
are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the Company's internal control over financial
reporting. Accordingly, we express no such opinion. An audit includes examining,
on a test basis, evidence supporting the amounts and disclosures in the
financial statements. An audit also includes assessing the accounting principles
used and significant estimates made by management, as well as evaluating the
overall financial statement presentation. We believe that our audit provides a
reasonable basis for our opinion.

In our opinion, the consolidated financial statements referred to above present
fairly, in all material respects, the financial position of Mobile Area
Networks, Inc. as of December 31, 2005 and the results of its operations,
changes in its stockholder's deficit and its cash flows for the year then ended
in conformity with accounting principles generally accepted in the United States
of America.

The accompanying financial statements have been prepared assuming that the
Company will continue as a going concern. As discussed in Note K to the
financial statements, the Company has suffered recurring losses from operations
and has no commitments for funding future operations that raise substantial
doubt about its ability to continue as a going concern. Management's plans in
regard to these matters are also described in Note K. The financial statements
do not include any adjustments that might result from the outcome of this
uncertainty.


/s/ Berman Hopkins Wright & Laham, CPAs, LLP
Winter Park, Florida
March 10, 2006


                                      F-2
<PAGE>
<TABLE>
<CAPTION>

MOBILE AREA NETWORKS, INC.
 (A FLORIDA CORPORATION)
Sanford, Florida

BALANCE SHEETS
=========================================================================================

December 31,                                                       2005           2004
-----------------------------------------------------------------------------------------
<S>                                                            <C>            <C>
ASSETS

Current Assets
Cash and Cash Equivalents                                      $     6,621    $    11,325
Accounts Receivable - Net of Allowance for Doubtful Accounts        19,009         40,487
Inventory                                                           47,626         25,582
-----------------------------------------------------------------------------------------

Total Current Assets                                                73,256         77,394

Property and Equipment - Net of Accumulated Depreciation           240,897        414,825

Other Assets
Security Deposits                                                    7,091          4,314
-----------------------------------------------------------------------------------------

Total Assets                                                   $   321,244    $   469,533
=========================================================================================

LIABILITIES AND STOCKHOLDERS' DEFICIT

Current Liabilities
Notes and Capital Leases Payable - Due Within One Year         $   112,745    $   136,404
Accounts Payable                                                   241,687        276,699
Accrued Expenses                                                    59,284         56,997
-----------------------------------------------------------------------------------------

Total Current Liabilities                                          413,716        470,100

Other Liabilities
Notes and Capital Leases Payable - Due After One Year              114,256        235,430
Accrued Salaries - Related Party                                   774,973        720,000
Advances from Stockholders                                          31,147        124,205
-----------------------------------------------------------------------------------------

Total Liabilities                                                1,334,092      1,549,735
-----------------------------------------------------------------------------------------

Stockholders' Deficit
Common Stock:  No Par; 50,000,000 Shares Authorized,
     45,877,747 and 42,915,470 Shares Issued
     And Outstanding, respectively                               3,742,069      3,156,814
Treasury Stock, 864,000 shares                                     (38,200)            --
Accumulated Deficit                                             (4,716,717)    (4,210,016)
-----------------------------------------------------------------------------------------

Total Stockholders' Deficit                                     (1,012,848)    (1,053,202)
-----------------------------------------------------------------------------------------

Total Liabilities and Stockholders' Deficit                    $   321,244    $   496,533
=========================================================================================
</TABLE>

The accompanying notes are an integral part of these financial statements.

                                      F-3
<PAGE>
<TABLE>
<CAPTION>

Mobile Area Networks, Inc. (A Florida
Corporation)
Sanford, Florida

STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT
====================================================================================================================================

                                                                Number         Common       Treasury     Accumulated   Stockholders'
                                                              Of Shares        Stock         Stock         Deficit        Deficit
------------------------------------------------------------------------------------------------------------------------------------
<S>                                                             <C>          <C>           <C>           <C>            <C>
Balances - December 31, 2003                                    41,910,817   $ 2,973,490                 $(3,832,071)   $  (858,581)

Issuance of Common Stock for Cash                                1,004,653       183,324                          --        183,324

Net Loss                                                                --            --                    (377,945)      (377,945)

                                                           ------------------------------------------------------------------------
Balances - December 31, 2004                                    42,915,470   $ 3,156,814                 $(4,210,016)   $(1,053,202)

Issuance of Common Stock for Cash                                2,802,277       559,255                          --        559,255

Issuance of Common Stock for Notes                                 160,000        26,000                                     26,000

Purchase of Shares for Treasury                                                                (38,200)                     (38,200)

Net Loss                                                                --            --                    (506,701)      (506,701)
------------------------------------------------------------------------------------------------------------------------------------

Balances - December 31, 2005                                    45,877,747   $ 3,742,069   $   (38,200)  $(4,716,717)   $(1,012,848)
====================================================================================================================================
</TABLE>

The accompanying notes are an integral part of these financial statements.

                                       F-4
<PAGE>

MOBILE AREA NETWORKS, INC.
(A FLORIDA CORPORATION)
Sanford, Florida

STATEMENTS OF OPERATIONS
===============================================================================

Years Ended December 31,                               2005            2004
-------------------------------------------------------------------------------

Revenues - Net of Returns and Allowances           $    256,370   $    503,052

Cost of Goods Sold                                      179,591        194,575
-------------------------------------------------------------------------------

Gross Profit                                             76,779        308,477
-------------------------------------------------------------------------------

Operating Expenses
Bad Debts                                                (2,220)        23,726
Depreciation                                            161,020        168,023
Interest                                                 60,212         46,997
Payroll and Payroll Taxes                               339,877        388,684
Professional Services                                    15,622         15,300
Other Operating Expenses                                115,659        106,238
-------------------------------------------------------------------------------
Total Operating Expenses                                690,170        748,968
-------------------------------------------------------------------------------

Loss Before Other Income and (Expenses)                (613,391)      (440,491)
Other Income and (Expenses)
 Loss on disposal of fixed assets                       (12,907)            --
Gain on Forgiveness of Debt                              49,165         62,546
Insurance Recovery                                       70,432             --
-------------------------------------------------------------------------------

Loss Before Provision for Taxes                        (506,701)      (377,945)

Provision for Taxes                                          --             --
-------------------------------------------------------------------------------

Net Loss                                           $   (506,701)  $   (377,945)
===============================================================================

Weighted Average Number of Common Shares
  Outstanding - Basic and Diluted                    45,003,518     42,355,928

Net Loss per Share - Basic and Diluted             $      (0.01)  $      (0.01)
===============================================================================

The accompanying notes are an integral part of these financial statements.

                                      F-5
<PAGE>
<TABLE>
<CAPTION>

MOBILE AREA NETWORKS, INC.
(A FLORIDA CORPORATION)
Sanford, Florida


STATEMENT OF CASH FLOWS
===========================================================================================

Years Ended December 31,                                             2005          2004
-------------------------------------------------------------------------------------------
<S>                                                             <C>            <C>
Cash Flows Used By Operating Activities

Net Loss                                                        $   (506,701)  $   (377,945)

Adjustments to Reconcile Net Loss to
  Net Cash Flows Used By Operating Activities:
Bad Debts                                                             (2,220)        23,726
Depreciation                                                         161,020        168,023
Interest on Advances from Stockholders                                 2,201          8,451
Loss on Disposal of Fixed Assets                                      12,907             --
Changes in Assets and Liabilities:
Accounts Receivable                                                   23,699        (36,381)
Inventory                                                            (22,044)        51,898
Other Assets                                                          (2,777)            --
Accounts Payable                                                     (35,012)        40,018
Accrued Expenses                                                       2,287             --
Accrued Salaries - Related Party                                      54,973        120,000
-------------------------------------------------------------------------------------------

Net Cash Flows Used By Operating Activities                         (311,667)        (2,210)
-------------------------------------------------------------------------------------------

Cash Flows Used By Investing Activities

Acquisition of Property and Equipment                                     --             --
-------------------------------------------------------------------------------------------

Cash Flows Provided By Financing Activities
Advances from Stockholders                                           (95,259)        20,233
Proceeds from Issuance of Common Stock                               585,255        183,323
Purchase of Treasury Stock                                           (38,200)
Repayment of Notes and Capital Leases Payable                       (144,833)      (207,399)
-------------------------------------------------------------------------------------------

Net Cash Flows Provided By Financing Activities                      306,963         (3,843)
-------------------------------------------------------------------------------------------

Net Change in Cash and Cash Equivalents                               (4,704)        (6,053)

Cash and Cash Equivalents - Beginning of Year                         11,325         17,378
-------------------------------------------------------------------------------------------

Cash and Cash Equivalents - End of Year                         $      6,621   $     11,325
===========================================================================================
</TABLE>

The accompanying notes are an integral part of these financial statements.

                                            F-6
<PAGE>
<TABLE>
<CAPTION>

MOBILE AREA NETWORKS, INC.
(A FLORIDA CORPORATION)
Sanford, Florida

STATEMENTS OF CASH FLOWS - continued
===========================================================================================

Years Ended December 31,                                             2005          2004
-------------------------------------------------------------------------------------------
<S>                                                             <C>            <C>

Supplemental Disclosures
-------------------------------------------------------------------------------------------

Interest Paid                                                   $     58,011   $     37,546
Income Taxes Paid                                                         --             --
===========================================================================================
</TABLE>

The accompanying notes are an integral part of these financial statements.

                                            F-7
<PAGE>

MOBILE AREA NETWORKS, INC.
(A FLORIDA CORPORATION)
Sanford, Florida

NOTES TO FINANCIAL STATEMENTS
================================================================================

Note A - Nature of Operations

         Mobile Area Networks, Inc. (the "Company") was incorporated on May 23,
         1996 in the State of Texas, and subsequently transferred all of its
         assets to a Florida Corporation of the same name, which was formed for
         the purpose of changing the state of Incorporation, and providing all
         aspects of wireless data communication including LAN-speed data
         connectivity service to remote home-office network services and to the
         Internet from frequently traveled routes and places such as hotels and
         airports.

         Operations of the Company up to the date of acquiring the assets of
         Vintage Industries, Inc. ("Plastics Services"), was devoted primarily
         to product development and marketing, raising capital, administrative
         activities and deployment of communications network infrastructure and
         service demonstration systems for both the MobiLAN(R) and
         Learningport.com(TM) services. Since the date of the Vintage Assets
         acquisition the operations of the Company have been devoted primarily
         to consolidating the assets and operations of Plastics Services into
         the Company. The primary business function of the Plastics Services
         assets is the design, engineering, production of intricate plastic and
         rubber injection molds, and the production of molded plastic and rubber
         parts. The Company had entered into discussions at the date of this
         filing to re-enter the wireless market with its secure wireless
         networks into residential housing communities.

         Resources of the Company up to the date of the acquisition of the
         Plastics Services facilities were also devoted to marketing the
         Company's concept of computer assisted instruction solutions through
         its internet domain portal named Learningport.com(TM). Since the date
         of the Vintage assets acquisition, the resources of the Company have
         been devoted to consolidating and operating the Plastics Services
         equipment of the Company.

Note B - Summary of Significant Accounting Policies
         Recent Accounting Pronouncements

         In November, 2004, the Financial Accounting Standards Board ("FASB")
         issued SFAS No. 151, "Inventory Costs-an amendment of ARB No.43" (SFAS
         151), in an effort to converge U.S. accounting standards for
         inventories with International Accounting Standards. SFAS 1551 requires
         idle facility expenses, freight, handling costs, and wasted material
         (spoilage) costs to be recognized as current-period charges. It also
         requires that allocation of fixed production overhead to the costs of
         conversion be based on the normal capacity of the production
         facilities. SFAS 151 will be effective for inventory costs incurred
         during fiscal years beginning after June 15, 2005. The Company believes
         its current accounting policy complies with the requirements of the new
         standard and as such the adoption of this standard is not expected to
         have a material impact on the Company's financial statements.

         In December, 2004, the FASB issued a revision to SFAS No. 123,
         "Share-Based Payment" (SFAS 123). This statement requires a public
         entity to measure the cost of employee services received in exchange
         for an award of equity instruments based on the grant-date fair value
         of the award (with limited exceptions). That cost will be recognized
         over the period during which the employee is required to provide
         service in exchange for the award requisite service period (usually the
         vesting period). No compensation cost is recognized for equity
         instruments for which employees do not render the requisite service.
         Employee share purchase plans will not result in recognition of
         compensation cost if certain conditions are met; those conditions are
         much the same as the related conditions in SFAS 123. This Statement is
         effective for public entities that file as a small business issuer as
         of the beginning of the first interim or annual reporting period that
         begins after December 15, 2005. This Statement applies to all awards
         granted after the required effective date and to awards modified,
         repurchased, or cancelled after that date. The cumulative effect of
         initially applying this Statement, if any, is recognized as of the
         required effective date and is not expected to have a material impact
         on the Company's financial statements.

                                       F-8
<PAGE>

MOBILE AREA NETWORKS, INC.
(A FLORIDA CORPORATION)
Sanford, Florida

NOTES TO FINANCIAL STATEMENTS
================================================================================

         Note B -Summary of Significant Accounting Policies-continued In
         December, 2004, the FASB issued SFAS No. 153, "Exchanges of
         Non-monetary Assets-an amendment of APB Opinion No. 29" (SFAS No. 153).
         This Statement amends Opinion 29 to eliminate the exception for
         non-monetary exchanges of similar productive assets and replaces it
         with a general exception for exchanges of non-monetary assets that do
         not have commercial substance. A non-monetary exchange has commercial
         substance if the future cash flows of the entity are expected to change
         significantly as a result of the exchange. The adoption of SFAS 153
         will not have a material impact on the Company's financial statements.

         In May, 2005, the FASB issued SFAS No. 154, "Accounting Changes and
         Error Corrections" (SFAS 154), which replaces APB Opinion No. 20,
         "Accounting Changes," and SFAS No. 3, "Reporting Accounting Changes in
         Interim Financial Statements-An Amendment of APB No. 28." SFAS 154
         provides guidance on the accounting for and reporting of accounting
         changes and error corrections. It establishes retrospective
         application, or the latest practicable date, as the required method for
         accounting for and reporting a change in accounting principle and a
         correction of an error. SFAS 154 is effective for accounting changes
         and corrections of errors made in fiscal years beginning after December
         15, 2005. The Company does not expect that the adoption of SFAS 154
         will have a material impact on its financial position, results of
         operations or cash flows.

         Impairment of Long-Lived Assets
         Management reviews long-lived assets for impairment whenever events or
         changes in circumstances indicate that the carrying amount of an asset
         may not be recoverable. Recoverability of assets to be held and used is
         measured by a comparison of the carrying amount of an asset to future
         cash flows expected to be generated by the asset. If such assets are
         considered to be impaired, the impairment to be recognized is measured
         by the amount by which the carrying amount exceeds the fair value of
         the assets which considers the discounted future net cash flows.

         Method of Accounting
         The Company maintains its books and prepares its financial statements
         on the accrual basis of accounting.

         Cash and Cash Equivalents
         Cash and cash equivalents include time deposits, certificates of
         deposit, and all highly liquid debt instruments with original
         maturities of three months or less.

         Allowance for Doubtful Accounts and Bad Debts
         The Company provides for estimated losses on accounts receivable based
         on prior bad debt experience and a review of existing receivables.
         Based on these factors, there is an allowance for doubtful accounts of
         $35,000 at December 31, 2005 and $37,221 at December 31, 2004,
         respectively.

         Inventory
         Inventory consists of raw materials, work-in-process, and finished
         goods, and is stated at the lower of cost or market using the first-in,
         first-out method.

                                      F-9
<PAGE>

MOBILE AREA NETWORKS, INC.
(A FLORIDA CORPORATION)
Sanford, Florida

NOTES TO FINANCIAL STATEMENTS
================================================================================

         Note B -Summary of Significant Accounting Policies-continued

         Property, Equipment and Depreciation Property and equipment are stated
         at cost, less accumulated depreciation computed using the straight line
         method over the estimated useful lives as follows:

           Manufacturing Equipment                                  5 Years
           Computer Equipment and Software                          5 Years
           Office Furniture and Equipment                       5 - 7 Years
           Leasehold Improvements                                   5 Years

         Maintenance and repairs are charged to expense. The cost of the assets
         retired or otherwise disposed of and the related accumulated
         depreciation are removed from the accounts.

         Advances from Stockholders
         Advances from stockholders consists of advances due on demand for
         working capital purposes. The amount due has an unstated interest rate
         and contains no formal repayment terms. Accordingly, the Company has
         imputed interest at the prime rate plus 1%. Imputed interest expense
         for the years ended December 31, 2005 and 2004 was $2,201 and $8,451,
         respectively.

         Revenue Recognition
         Revenues from product sales are recognized when both the goods are
         shipped and the customer's right of return has expired for Plastics
         Services. Unearned revenue results from deposits received on jobs still
         in progress.

         In accordance with the provisions of the AICPA's Statement of Position
         97-2, "Software Revenue Recognition", revenue is recognized on sales of
         Learningport.com(TM) products when evidence of a sales order exists
         with a fixed sales price, delivery has occurred and collectability of
         amounts involved are deemed probable.

         For the MobiLAN(R) products, revenue is recognized as data
         communication and consulting services are provided, or upon sale for
         installation of related computer hardware and software.

         Use of Estimates
         The preparation of financial statements in conformity with generally
         accepted accounting principles requires management to make estimates
         and assumptions that affect the reported amounts of assets and
         liabilities and disclosure of contingent assets and liabilities at the
         date of the financial statements and the reported amounts of revenues
         and expenses during the reporting period. Actual results can differ
         from those estimates.

         Concentrations of Credit Risk
         Financial instruments, which potentially expose the Company to
         significant concentrations of credit risk, consist principally of bank
         deposits, which may at times exceed federally insured limits, and trade
         accounts receivable. The Company had no cash balances that exceeded
         insured limits at December 31, 2005 or 2004. Cash is placed primarily
         in high quality short-term interest bearing financial instruments.

         The Company had sales in 2005 to eighteen different customers, one of
         which comprised twenty-five percent (25%) of the total. Also, the one
         significant customer comprised approximately eighteen (18%) and zero
         (0%) of the accounts receivable balance at December 31, 2005 and
         December 31, 2004, respectively.

                                      F-10
<PAGE>

MOBILE AREA NETWORKS, INC.
(A FLORIDA CORPORATION)
Sanford, Florida

NOTES TO FINANCIAL STATEMENTS
================================================================================

         Note B -Summary of Significant Accounting Policies-continued
         Concentrations of Credit Risk-continued

         The Company periodically monitors the credit worthiness of its
         customers to which it grants credit terms in the ordinary course of
         business and maintains an allowance for anticipated credit losses.

         Fair Value of Financial Instruments
         The fair value of cash and cash equivalents, accounts receivables,
         inventory, security deposits, accounts payable, and accrued expenses
         approximated book value at December 31, 2005 and 2004, because of the
         immediate or short-term maturity of these financial instruments.

         The fair value of property and equipment, line of credit, notes and
         capital leases payable, and advances from stockholders could not be
         obtained without incurring excessive costs as they have no readily
         determinable market price.

         Stock Transactions
         Shares of common stock or common stock equivalents issued for services
         performed are valued at either the fair value of the equity instruments
         issued or the value of services performed, whichever is the more
         reliable measure.

         During the year ended December 31, 2005, two stockholders were issued
         160,000 shares of common stock in satisfaction of repayment of their
         advances totaling $26,000 to the Company. These stock issuances are
         separately included in the Statement of Changes in Stockholders'
         Deficit.

         Net Loss Per Common Share
         Net loss per common share is computed in accordance with SFAS No. 128,
         "Earnings Per Share." Basic Earnings Per Share is calculated by
         dividing loss available to common stockholders by the weighted average
         number of common shares outstanding for each period. Diluted Earnings
         per share is the same as Basic Earnings Per Share since no common stock
         equivalents were outstanding for the years ended December 31, 2005 and
         2004.

         Reclassifications
         Certain amounts in the prior year financial statements have been
         reclassified to conform to the current year presentation.

         Income Taxes
         The Company accounts for income taxes in accordance with SFAS No. 109,
         "Accounting for Income Taxes," using the asset and liability approach,
         which requires recognition of deferred tax liabilities and assets for
         the expected future tax consequences of temporary differences between
         the carrying amounts and the tax basis of such assets and liabilities.
         This method utilizes enacted statutory tax rates in effect for the year
         in which the temporary differences are expected to reverse and gives
         immediate effect to changes in income tax rates upon enactment.
         Deferred tax assets are recognized, net of any valuation allowance, for
         temporary differences and net operating loss and tax credit carry
         forwards. Deferred income tax expense represents the change in net
         deferred tax assets and liability balances. The Company had no material
         deferred tax assets or liabilities at December 31, 2005 and 2004.

                                      F-11
<PAGE>

MOBILE AREA NETWORKS, INC.
(A FLORIDA CORPORATION)
Sanford, Florida

NOTES TO FINANCIAL STATEMENTS
================================================================================

Note B - Summary of Significant Accounting Policies-continued
         Provision for Income Taxes

         Deferred income taxes result from temporary differences between the
         basis of assets and liabilities recognized for differences between the
         financial statement and tax basis thereon, and for the expected future
         tax benefits to be derived from net operating losses and tax credit
         carry forwards. The Company has approximately four million-seven
         hundred thousand dollars ($4.7 million) in net operating losses as of
         December 31, 2005, and a valuation allowance equal to the tax benefit
         of the accumulated net operating losses has been established since it
         is uncertain that future taxable income will be realized during the
         applicable carry-forward periods. Accordingly, no income tax provision
         has been recognized in the accompanying financial statements.

Note C - Accounts Receivable

         Accounts receivable consisted of the following:

         ===================================================================
         December 31,                                   2005         2004
         -------------------------------------------------------------------

         Trade                                      $   54,009    $   77,708
         Less:  Allowance for Doubtful Accounts         35,000        37,221
         -------------------------------------------------------------------

         Net Accounts Receivable                    $   19,009    $   40,487
         ===================================================================

Note D - Inventory

         Inventory consisted of the following:

         ===================================================================
         December 31,                                   2005         2004
         -------------------------------------------------------------------
         Raw Materials                              $   47,627             $
                                                                      25,582
         Work-in-Process                                    --            --
         Finished Goods                                     --            --
         -------------------------------------------------------------------

         Total Inventory                            $   47,627    $   25,582
         ===================================================================

                                      F-12
<PAGE>

MOBILE AREA NETWORKS, INC.
(A FLORIDA CORPORATION)
Sanford, Florida

NOTES TO FINANCIAL STATEMENTS
================================================================================
Note E - Property and Equipment

         Property and equipment consisted of the following:

         ====================================================================
         December 31,                                     2005         2004
         --------------------------------------------------------------------
         Manufacturing Equipment                      $  772,462   $  775,174
         Computer Equipment and Software                  66,912       66,912
         Office Furniture and Equipment                   42,725       42,725
         Leasehold Improvements                           42,921       72,477
         --------------------------------------------------------------------
                                                      $  925,020   $  957,288
         Less:  Accumulated Depreciation                 684,123      542,463
         --------------------------------------------------------------------
         Net Property and Equipment                   $  240,897   $  414,825
         ====================================================================

         Depreciation expense for the years ended December 31, 2005 and 2004 was
         $161,020 and $168,023, respectively.

Note F - Notes and Capital Leases Payable
         Notes and capital leases payable consisted of the following:

         ====================================================================
         December 31,                                     2005         2004
         --------------------------------------------------------------------
         Notes Payable
         Business Loan Center, Inc.
         Note payable due December, 2007, payable
         in monthly installments of $4,209,
         including principal and interest at prime
         plus 2 3/4% (10.00% at December 31,
         2005). The loan is secured by all assets
         of Vintage Industries, Inc., with
         personal guarantees by four shareholders
         of Vintage Industries, Inc. and their
         spouses, with their residences pledged as
         additional security, assignment of life
         insurance in the amount of $350,000 on
         each of the Vintage Industries, Inc.
         stockholders, and a guarantee by the
         Small Business Association                   $   31,145   $  119,058

         GE Capital Small Business
         Finance Corporation
         Note payable due June, 2008, payable in
         monthly installments of $6,250, including
         principal and interest at prime plus 2
         1/4% (9.50% at December 31, 2005). The
         loan is secured by certain equipment of
         Vintage Industries, Inc. in excess of
         $350,000 with personal guarantees by four
         shareholders of Vintage Industries, Inc.
         with their residences pledged as
         additional security, and a guarantee by
         the Small Business Association                  195,856      245,600

         Capital Leases Payable
         Intech Funding Corp.
         Equipment lease originally executed as a
         four-year term, due February 2004
         Restructured during 2004 to a series of
         installment payments of $1,026.98
         including interest of 6.0% terminating in
         July, 2005                                           --        7,176
         --------------------------------------------------------------------

                                      F-13
<PAGE>

MOBILE AREA NETWORKS, INC.
(A FLORIDA CORPORATION)
Sanford, Florida

NOTES TO FINANCIAL STATEMENTS
================================================================================
Note F - Notes and Capital Leases Payable - continued

         ====================================================================
         December 31,                                     2005         2004
         --------------------------------------------------------------------
         Total Notes and Capital Leases Payable       $  227,001   $  371,834

         Less:  Amount Due Within One Year               112,745      136,404
         --------------------------------------------------------------------

         Amount Due After One Year                    $  114,256   $  235,430
         ====================================================================

         Annual maturities of notes payable for the five years succeeding
         December 31, 2005 are as follows:
<TABLE>
<CAPTION>

                    2006         2007        2008          2009        2010      Thereafter     Total
         -----------------------------------------------------------------------------------------------
<S>             <C>          <C>          <C>         <C>             <C>       <C>          <C>
                $  112,745   $   81,600   $   32,656  $       --           --   $       --   $   227,001
         ===============================================================================================
</TABLE>

         Interest expense on the notes and capital leases payable for the years
         ended December 31, 2005 and 2004 was $39,307 and $34,200, respectively

Note G - Leases

         On March 31, 1997, the Company entered into a building lease for
         administrative facilities, with an unrelated third party, commencing
         June 1, 1997. The term of the lease was for seventy-five months, with
         monthly rental payments of $2,083 for the first year, and increasing
         each year thereafter based on the Cost of Living Index. As of December
         31, 2002, the monthly rental payments were $2,466. This lease expired
         in August, 2003 and the Company was allowed to maintain offices at that
         location as a hold over tenant until November, 2003 at which time the
         offices of the Company were consolidated within the manufacturing
         facility offices. The amount of lease payments for the expired lease
         which included amounts for previous periods was negotiated with the
         building owner and settled for $8,000 during 2004.

         On November 11, 2002, the Company entered into a building sub-lease for
         office and manufacturing space, with an unrelated third party. The term
         of the lease was for five years and required monthly rental payments of
         $8,414. This sub-lease was subsequently negotiated into a master lease
         on July 31,2003 covering 25,000 square feet for a term of three years
         and ten months with two options to renew for two years each. The
         details are further itemized in Part I, Item 2, Description of
         Property.

         Future minimum lease payments for the five years succeeding December
         31, 2005 is as follows:
<TABLE>
<CAPTION>

                    2006         2007        2008          2009        2010      Total
         ---------------------------------------------------------------------------------
<S>             <C>          <C>          <C>         <C>             <C>       <C>
                $  131,865   $  137,139   $  142,625  $  148,330   $  154,263   $  714,222
         =================================================================================
</TABLE>

Note H - Acquisitions

         Vintage Industries, Inc.
         On August 12, 2002, Mobile Area Networks, Inc. ("the Company") entered
         into an asset purchase agreement to acquire all of the operating assets
         of Vintage Industries, Inc. ("Vintage") in a stock for assets purchase.
         A portion of the results of Vintage's operations have been included in
         the Company's financial statements since that date. The assets acquired
         consisted of an on going business with

                                      F-14
<PAGE>

MOBILE AREA NETWORKS, INC.
(A FLORIDA CORPORATION)
Sanford, Florida

NOTES TO FINANCIAL STATEMENTS
================================================================================
Note H - Acquisitions-continued

         computerized plastics injection mold engineering and manufacturing
         equipment including a complete mold making machine tool shop, patents
         pending for a process that rapidly produces plastic injection molds,
         numerous plastics injection molds and molding presses, all office and
         support equipment, and the then existing customer base of the company.

         The Company pledged 1,440,000 shares of Restricted Common Stock, with a
         fair market value of approximately $274,000 according to the trading
         price of public shares on the day of the agreement, to be disbursed
         among the then shareholders of and by Vintage Industries, Inc. Vintage
         was to be dissolved in a timely manner, and future operations were to
         continue as a business segment of the Company. The Company also agreed
         to assume responsibility for Certain Current and long-term liabilities
         of Vintage. After the issuance of the shares used in this transaction,
         the effect would be that the former shareholders of Vintage would then
         own jointly approximately four percent (4%) of the then outstanding
         shares of the Company. During August, 2005, 864,000 shares of the
         1,440,000 Vintage shares were tendered back to the Company in exchange
         for $38,200 which is classified as Treasury Stock. The agreement also
         includes a Non-Competition Agreement from the former shareholders of
         Vintage for three years as well as a stock share "leak-out" restriction
         clause.

Note I - Litigation

         On October 3, 2002, a complaint was filed against the Company with the
         Circuit Court of Seminole County, Florida by David Byron, a former
         shareholder of Vintage Industries, Inc., for non-delivery of 288,000
         shares of Restricted Common Stock of Mobile Area Networks, Inc., per
         the general mutual release and separation agreement between Vintage
         Industries, Inc. and Mr. Byron. Mr. Byron is seeking immediate delivery
         of the 288,000 shares of restricted common stock of Mobile Area
         Networks, Inc. and damages in the amount of the value of the stock. The
         Company is withholding the delivery of the shares pending the return of
         Vintage division owned assets allegedly held by Mr. Byron. There has
         never been any agreement between Mr. Byron and Mobile Area Networks,
         Inc. relating to shares or any other matter. The Company intends to
         vigorously defend its position and does not believe the range of loss,
         if any, can be reasonably estimated at this time. Accordingly, no
         provision for possible loss has been made in these financial
         statements.

                                      F-15
<PAGE>

MOBILE AREA NETWORKS, INC.
(A FLORIDA CORPORATION)
Sanford, Florida

NOTES TO FINANCIAL STATEMENTS
================================================================================

Note J - Related Party Transaction

         The Company's President and Chief Executive Officer has, in six of the
         seven years prior to 2005, deferred his salary of $120,000 until such
         time the Company's cash position will allow such payments. During 2005,
         he deferred $80,000 and received $40,000 as cash compensation. The 2005
         deferral has been offset by advances ($25,027). The item has been
         accounted for as Accrued Salaries - Related Party caption on the
         Balance Sheet. It is acknowledged by the Company's management and
         ratified by its Board of Directors that this deferred salary along with
         personal notes to the Company by the CEO and his wife are considered
         wages and is the most superior lien and bond against all of the
         Company's assets.

Note K - Going Concern

         The Company's financial statements have been presented on the basis
         that it is a going concern, which contemplates the realization of
         assets and the satisfaction of liabilities in the normal course of
         business.

         The Company has reported net losses of $506,701 and $377,945 for the
         years ended December 31, 2005 and 2004, respectively. As a result,
         there is an accumulated deficit of $4,716,716 at December 31, 2005. The
         primary causes of the losses are attributable to the write-off of
         un-collectable receivables and increased operating costs, due to the
         acquisition of the Plastics Services operations in 2002, and general
         operating costs associated with start-up activities, while generating
         minimal revenue.

         The Company's continued existence is dependent upon its ability to
         raise capital and/or achieving profitable operations. The Company
         continues to attempt to raise sufficient working capital through equity
         offerings, and to restructure debt to lower its monthly debt service
         payments. The Company continues to fund operational deficits through
         equity financing through private individuals. The Company is currently
         renegotiating bank lines of credit and is pursuing other capital. The
         financial statements do not include any adjustments that might be
         necessary should the Company be unable to continue as a going concern.


Item 8. Changes In and Disagreements With Accountants on Accounting and
        Financial Disclosure.

A change in Accountants was made during 2005 due to the sudden and unexpected
death of Robert Clemons, its former Accountant. A Form 8-K was filed on December
8, 2005.

                                      F-16
<PAGE>

                                    PART III

Item 9. Directors, Executive Officers, Promoters and Control Persons; Compliance
With Section 16(a) of the Exchange Act.

(a)      Directors and Executive Officers:
         --------------------------------

Consistent with Florida corporate law and the Company's By-Laws, during the
fourth quarter of 2003 the Company's Board of Directors unanimously voted to
increase the number of Board members from three to four and simultaneously
elected members to fill vacancies as described herein. Robert Good announced
that he would be retiring after serving many terms past his original term. The
remaining Board members elected Jerome L. Nettuno to fill the vacancy created
when Dr. Russell Graham completed five terms. The third Board position was
filled with the election of Noah V. Savant. There remains once vacancy after the
term expired for Daniel Mault at the end of 2005 with no replacement nominated
at that time.

George E. Wimbish, age 62, is a founder of the Company and its concept, and has
been a Director of the predecessor (Texas) Company since November 3, 1996, and
Chairman, President and CEO since March 28, 1997. His term of office is yearly
until a successor is chosen. His business experience for the past 5 years
includes serving as the Company's Chief Executive Officer. Mr. Wimbish does not
serve as a Director in any other reporting company. He resides in Heathrow,
Florida.

Jerome L. Nettuno, age 43, is the director of business development for Nettworth
Financial Services and has extensive experience consulting with public companies
in such matters as financial planning. Mr. Nettuno has been a valued resource to
the Company since its inception. He does not serve as a director of any other
public company. He resides in Bozeman, Montana.

Noah V. Savant, age 62, attended McNeese State University in Lake Charles, LA.
He is the Assistant to the Vice President of Communications Workers of America
in Atlanta, GA. He has been the Chief negotiator for all Bell South Agreements
and is very active in legislative and political issues. He has served budget
director for C.W.A. district 3. He does not serve as a director of any other
public company. He resides in Covington, GA.

Jerald R. Hoeft, CPA, age 63, was appointed Chief Financial Officer in January,
2001. Mr. Hoeft has been a practicing CPA in the Orlando area since the end of
1998. Prior to 1999, he was in the financial services industry for over
twenty-five years where he served as a chief financial officer and director for
several leading public and privately-held companies. Mr. Hoeft does not serve as
a Director in any other reporting company. He resides in Heathrow, Florida.

Judy D. Wimbish: Corporate Secretary and Executive Assistant to the CEO. Mrs.
Wimbish is the wife of the CEO and has served full time with only token
compensation since the beginning of 1998 until the present. She has assisted
with structuring the office and has been a valued member of the marketing team.
She has served as a communicator to the investment community.

(b)      Significant Employees and Consultants
         -------------------------------------

Paul Savage: Research and Development Director. Mr. Savage has more than 25
years experience in Principal wireless product design in digital, analog, RF,
and microwave circuit design. He also possesses extensive field experience in
the implementation of wireless on towers and other locations. Mr. Savage
currently serves in a consulting role to the Company as needed.

Angel Martinez: Computer Analyst with vast knowledge and experience in software
applications including database and Electronic Commerce systems. Mr. Martinez
was an early private investor in the Company and has served as a volunteer
technical resource since 1998. He became a full-time employee in January, 2000,
and in the third quarter of 2001 chose to revert to part-time consultant status
and remains available as needed.

                                       23
<PAGE>

(c)      Family Relationships
         --------------------

Judy D. Wimbish who serves as Executive Assistant, is the wife of CEO and
majority shareholder George Wimbish, whose shares are jointly owned by Mrs.
Wimbish. She currently serves full time and has received only token compensation
to date.


(d)      Certain Legal Proceedings:
         -------------------------

The Company is not aware of any legal proceedings within the last five years
against any Director, Officer, Significant Employee, or candidate for any such
position involving a petition under the Bankruptcy Act or any State insolvency
law or of any receiver, fiscal agent or similar officer appointed by a court for
the business or property of such person or any partnership in which he was
general partner or within two (2) years before the time of such filing, or any
corporation or business association of which he was an executive officer at or
within two (2) years before the time of such filing; nor is the Company aware of
any of the above-mentioned persons being convicted in a criminal proceeding;
except as follows: NONE

Item 10. Executive Compensation.

The Company's current policy is that Directors serve without compensation.
However, in the future it may be in the Company's best interests to compensate
Directors in a manner that will attract the most qualified people to serve on
the Company's Board. Through December 31, 2005 the officers of the Company have
served without compensation other than the allowance to acquire Restricted
founders stock at a preferred price. The Company's management may determine when
it is in the best interest of the Company to compensate Officers and Directors.
For the years 1998 through 2005, Mr. Wimbish's annual salary was approved to be
$120,000, a portion of which has not been collected and remains in accrued
expenses on the 2005 and 2004 balance sheets.

                                       24
<PAGE>

Item 11. Security Ownership of Certain Beneficial Owners and Management.

The following table sets forth certain information regarding beneficial
ownership of the Company's Common Stock as of December 31, 2005 with respect to
each director and officer and any person who is known to the Company to be the
beneficial owner of five percent (5%) or more of the Company's outstanding
Common Stock. Also set forth in the table is the beneficial ownership of all
shares held by all directors and officers, individually and as a group.
<TABLE>
<CAPTION>
T
===============================================================================================
(1)                                            (2)                 (3)              (4)
                                                                                  Percent After
                                                               Percent            Sales of
Name  And  Address                                             Before Offering    Maximum
Of Owner.                                 Shares Owned         Total Sold         Offering
-----------------------------------------------------------------------------------------------
<S>                                         <C>                      <C>                 <C>
George E. Wimbish*                          25,500,000(a)            55.58%              52.38%
Director, Chairman, President, & CEO
2772 Depot Street
Sanford, Fl 32773

Judy D. Wimbish*-Secretary, Jointly owns all shares with George Wimbish, CEO

Dr. Robert M. Good                           2,150,000(a)(c)          4.69%               4.42%
1282 Regency Place
Heathrow, FL 32746

Jerome L. Nettuno                              978,000(d)             2.13%               2.01%
Director
Company Address

Jerald R. Hoeft                                270,000(d)              .59%                .55%
Chief Financial Officer-Treasurer
Company Address

Noah V. Savant                                  15,000                0.03%               0.03%
Director
Company Address
-----------------------------------------------------------------------------------------------
Subtotal                                    28,913,000               63.02%              59.39%

Other Private Shareholders                  14,773,447(b)            32.20%(c)           30.34%(c)

Publicly traded shares                       2,191,300                4.78%               4.50%

New Shareholders                             2,808,700                  --                5.77%
From Offering If All Sold
===============================================================================================
Total                                       48,686,447(e)            100.0%              100.0%
</TABLE>

(a)  Within the knowledge of the issuer, no other person holds or shares the
     power to vote or direct the voting of securities described pursuant to
     subsection (a) above. No other person holds shares or the power to vote 5%
     or more of the issuer's voting securities.

(b)  The Company may utilize private stock shares as incentive or compensation
     for the product and service marketing efforts of the Company's employees,
     when appropriate.

(c)  Some of the restricted shares included in this total have been
     conditionally assigned to certain employees or consultants with performance
     and or tenure requirements. The possibility that all of these private
     shares may or may not be rescinded would not dramatically affect this
     percentage.

(d)  A portion of these shares were acquired in private transactions between
     unrelated private shareholders.

(e)  This amount includes 2,808,700 publicly registered shares that have not
     been sold to date.

                                       25
<PAGE>

Item 12. Certain Relationships and Related Transactions.

All transactions during the previous two years and any presently proposed
transaction to which the issuer is a party in which any person having a
relationship with the issuer has a direct or indirect material interest are the
following transactions, and no others:

None.


Item 13. Exhibits and Reports on Form 8-K.

(a)      Exhibits


         Exhibit 31   CERTIFICATION PURSUANT TO THE SARBANES-OXLEY ACT

         Exhibit 32   CERTIFICATION


(b)      Reports on Form 8-K

         The Company filed a Form 8-K on December 8, 2005 to report a change in
         auditors.


                                       26
<PAGE>

                                   SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.


                             MOBILE AREA NETWORKS, INC.

                             By: /s/ GEORGE WIMBISH
                                 ----------------------------------------
                                 George Wimbish
                                 President & CEO


In accordance with the Exchange Act, this report has been signed below by the
following persons on behalf of the registrant and in capacities and on the dates
indicated.

================================================================================
Signature                           Title                            Date
================================================================================

/s/ GEORGE WIMBISH            Director, Chairman,                March 31, 2006
-------------------------     President, Chief Executive.
George Wimbish


/s/ JERALD R. HOEFT           Chief Financial Officer            March 31, 2006
-------------------------
Jerald R. Hoeft


/s/ JEROME L. NETTUNO         Director                           March 31, 2006
-------------------------
Jerome L. Nettuno


/s/ NOAH V. SAVANT            Director                           March 31, 2006
-------------------------
Noah V. Savant

                                       27